Macrobriefing

Macrobriefing Updated 

I am going to assume that the US dollar is increasing in value until we get to the debt ceiling decision. I am expecting a move up to and perhaps beyond the $103-$104 area. If this happens I have to assume that the BTCUSD will come tumbling down into my next buy zone. If we don't take out the next weekly level, this will be a great buying opportunity. But some...

Macrobriefing Updated 

Lets assume that the strength in the US dollar wont last for too much longer, as Central Banks try and work out how many more trillions are needed in the system. The BTCUSD had been in a trading range for some time and this week we convincingly left it, with a big dose of Bullish price action. Will it last? IDK. I am long BTCUSD so I am fundamentally in the...

Macrobriefing

A note to myself to hold the BTC etc, until October 2025 and then get out! There is definitely a time to Buy and Hold and having HODL'd all through the previous bear market, I could do with using the money in a more proactive manner and investment. I will never have life-changing amounts of crypto unless I get lucky with an alt coin, but I can double my money on...

Macrobriefing

I have been bullish BTC for a very long time. To be honest the money has been dead for quite a while and I could have made a lot more profits trading and investing elsewhere. The idea was always to hold until we reached $100k and with a decent close in October we may get a chance to see that big round number in 2024. Plan B says we should hold for ~18-months...

15:05

Macrobriefing

Trying to work out a strategy based on what is known as everything from an imbalance, to a single print, to a Fair Value Gap. When traders see these zones and the momentum doesn't carry on with the prevailing trend, these chart structures and patterns become great jump-off points for a reversal. The challenge is set to a risk-reward of 1:2, there is a minimum of...

Macrobriefing Updated 

I am a #BTC bull, so any contrarians should reverse everything I say from now on. #Bitcoin halving is days away. The trend following a halving is at least 6-months to the upside. We're already 2 months into a #BTCUSD bull-cycle. So I am bullish in this current trading range, meaning looking for "Buy-the-Dips". The trading range is from the ATH @ $75185 in the...

03:49

Macrobriefing

I wouldn't take a short on the USDCAD yet, they could easily sweep last weeks Wednesday high. What we are seeing currently in the USDCAD is a test of the recent swing highs and lows, which could indicate the Market Makers are building a book of orders. I would wait for the price action to get out of the consolidation and for there to be a larger displacement with...

08:44

Macrobriefing

Hi Jack, Thanks for sending your charts over. I have ignored a lot of your mark ups because if they make sense to you, you should keep doing what you are doing. There are a bunch of ways to trade the markets. There is no one right way. However, I wouldn't have taken your trade and this video is supposed to describe why. If it doesn't make sense, or if you need...

Macrobriefing

So the Ethereum Futures have finally filled the gap and IMHO we have now completed the bearish correction in the major crypto futures. I am now looking for both BTC and ETH to make higher highs and higher lows on the intraday charts. With the BTC chart, the volume and triangle/pennant pattern aligned with the correcting over time theory, and the ETH has done...

Macrobriefing

Following on from the EURJPY short this morning I am now looking for a sustained move lower in the pound. The USDJPY is coiling around the weekly open, so we may have to wait for this to break out too.

Macrobriefing Updated 

All three yen pairs have set up for a short ahead of the ADP number due in 90 minutes. 
USDJPY GBPJPY The USDJPY should be the driver lower, especially on a bad number.

Macrobriefing Updated 

Going to start tracking some ideas that I trade on a live account with an EA I made. This is a trend-following strategy with a momentum break element

Macrobriefing Updated 

Going to start tracking some ideas that I trade on a live account with an EA I made. There is a fixed SL and TP

Macrobriefing Updated 

Going to start tracking some ideas that I trade on a live account with an EA I made. The first one is a long EJ

Macrobriefing

Looking for continued weakness in the USDJPY as the DXY comes off its highs. The GBPJPY reversed and then followed through to the downside and so we could get a continuation here too The EURJPY did the same but with no follow through so this was the only loser yesterday. The strategy doesn't do as well on a Wednesday as it usually does on Monday and Tuesday....

Macrobriefing

Now that we have had the data from the BoJ, I am focusing on the news that is coming out later today. At 1:30pm my time we receive the Canadian GDP m/m, which is expected to come in at 0.2% and down from the previous reading of 0.5%. So anything stringer and the CAD will strengthen. Then we also have the US Core PCE Price Index m/m which is expected to come in...

Macrobriefing Updated 

As we have UK CPI on Wednesday this long could be just an intra-day punt. Looking for a drop down into the imbalance and then a sweep of the recent swing high. There is a double bottom just below the entry hence why I am not really bullish. The news could be used to sweep those lows and maybe a pushed further down. Going to stay nimble. The USDJPY held up today,...

Macrobriefing Updated 

We've just had a decent pullback and now we could get the bounce. The US fiscal flows have gone into surplus. What does that mean? It means the US Treasury is taking more out of the system than they put in. This means they are taxing more than they are spending. When a government taxes they destroy the currency. This means there are fewer dollars in the system...